Home CFPCM Certification Ethics

On completion of the education, examination, and experience

requirements, the candidate applying for CFP Certification has to sign
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ethics declaration. Prior to certification, the candidates will be required

to disclose past or pending litigation or agency proceedings, and to
acknowledge the right of FPSB India to enforce its Professional
Standards through its Disciplinary Rules and Procedures. By fulfilling
this requirement, the candidate demonstrates to the public that he/she
has agreed to provide personal Financial Planning in the client's best
interest and to act in accordance with the highest ethical and
professional standards for the practice of Financial Planning. The Ethics
& Professional Standards are enforced by FPSB India’s Board of
Professional Review.

Code of Ethics

FPSB India adopted the Code of Ethics to establish the highest

principles and standards. These Principles are general statements
expressing the ethical and professional ideals Certificants are expected
to display in their professional activities. As such, the Principles are
aspirational in character and provide a source of guidance for
Certificants. The Principles form the basis of FPSB India's Rules of
Conduct , Practice Guidelines and Disciplinary Rules and these together
reflect FPSB India's recognition of Certificants' responsibilities to the
public, clients, colleagues and employers.

Code of Ethics
Rules of Conduct

The Rules of Conduct establish the high standards expected of

Certificants and describe the level of professionalism required of
Certificants. The Rules of Conduct are binding on all Certificants,
regardless of their title, position, type of employment or method of
compensation, and they govern all those who have the right to use the
CFP marks, whether or not those marks are actually used. The
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universe of activities engaged in by a Certificant is diverse, and a

Certificant may perform all, some or none of the typical services
provided by Financial Planning professionals. Some Rules may not be
applicable to a Certificant's specific activity. As a result, when
considering the , the Certificant must determine whether a specific
Rule is applicable to those services. A Certificant will be deemed to be
in compliance with these Rules if that Certificant can demonstrate that
his or her employer completed the required action.

Violations of the Rules of Conduct may subject a Certificant to

discipline. Because FPSB India is a certifying and standards setting
body for those individuals who have met and continue to meet FPSB
India's initial and ongoing certification requirements, discipline extends
to the rights of Certificants to use the CFP marks. Thus, the Rules are
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not designed to be a basis for legal liability to any third party.

Rules of Professional Conduct

Practice Guidelines

The Practice Guidelines describe best practices of Financial Planning

professionals providing professional services related to the six
elements of the Financial Planning process. Each Standard is a
statement relating to an element of the Financial Planning process,
followed by an explanation of the Standard and its relationship to the
Code of Ethics and Rules of Conduct . FPSB India in accordance with
global standards developed the Practice Guidelines to advance
professionalism in Financial Planning and enhance the value of the
Financial Planning process, for the ultimate benefit of consumers of
Financial Planning services.

Practice Standards

Disciplinary Rules

The Disciplinary Rules describe the procedures followed by FPSB India

in enforcing the Rules of Conduct. The Disciplinary Rules provide a fair
process pursuant to which Certificants are given notice of potential
violations and an opportunity to be heard by Board of Professional
Review.

Disciplinary Rules